The stock exchange says goodbye to the holidays with declines. Indexes returned to the level 2 months ago
The Friday session sealed mostly a inheritance week on the Polish stock exchange. The ministerial announcement of increasing taxes caused a sale at banks' shares, which does not want to end. The holidays end with the removal of a whole two -month increase developed by the WSE indexes.
On Friday, August 29, the last holiday session at the Polish Stock Exchange took place. WIG20 fought to the very end to stay above resistance at an altitude of 2800 points. The test was not passed. The Blue Chip index withdrew by 1.22%, ending the session at an altitude of 2793.76 points. This is the level that we watched for the last time at the end of June.
WIG dropped by 1.18%, going back to 104,775.45 points. The index of the wide market has already moved away from its all -time record of August 21 by 6.45%. MWIG40 fell by 1.36%on Friday. SWIG80 reduced 0.55%.
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Negative sentiment also dominated in the base markets. At 17:00 the German DAX fell by 0.52%, the French CAC40 retreated by 0.67% – the same as the American S & P500. Even greater sales were visible on Nasdaqu, which lost 1.11%.
The value of turnover on the WSE did not impress again, amounting to PLN 1.53 billion, of which about PLN 1.3 billion concerned companies from the WIG20 index. Investors mainly traded in PKO BP (PLN 209 million), Orlen (PLN 162 million) and Pekao (PLN 148 million).
In the field of macroeconomic readings, the most important event in Poland was the rapid respect of inflation. In August, it increased by 2.8% year -on -year and decreased by 0.1% compared to the July reading.
DM BOŚ analyst Marek Rogalski said in the program “At noon” that the market is looking for an idea what sectors to play instead of banks. According to the expert, these may remain suspended until the topic of higher tax burdens is clarified.
In addition to domestic factors, the global moods, which were corrected, also had their role in the withdrawal of Polish indexes. As Marek Rogalski pointed out, Euphoria after the head of the Fed last Friday evaporated at the beginning of the week and the WSE could not count on an upward impulse from abroad.
In the WIG20 index, the shares of banks were led by declines, which for a week could not shake off after the tax announcement of the domiar for the sector. Exactly last Friday, the Ministry of Finance announced plans to raise CIT for banks from 19% to 30% in 2026 and 26% a year later.
Alior's quotations lost 3.22%, PKO BP withdrew by 3.01%, and mBank shares returned 2.64%. Next in terms of the scale of the discount were Pekao and Santander – both banks lost 1.56%. WIG-Banki withdrew by 2.45% and was on Friday the weakest sectoral index of the WSE.
Pepco (-2.15%) and PZU (-1.72%) were on the list of the largest declines in the Blue Chip index between the banks.
After presenting the results, 1.10% lost their CD Projekt shares. The company said that its profit in the first half of the year was PLN 155 million against PLN 171 million in the corresponding period of 2024. In the second quarter alone, however, it exceeded the expectations of analysts.
Four companies, i.e. DINO (+0.73%), LPP (+0.41%), Kruk (+0.26%) and Kęty (+0.22%) persist in the plus index. KGHM ended the session at the reference point.
Benefit Systems (+2.35%), Wirtualna Polska (+2.15%) and XTB (+1.93%) were doing best on Friday.
On the other side of the index there were TEXT quotations, which lost 7.73%. The company presented the results for the past quarter after Thursday's session, showing PLN 31 million of net profit against a consensus of PLN 34.4 million.
Tauron shares (-5.34%) have also been subject to a lot of discounts. The energy group announced an annex to the loan agreement with Bank Gospodarstwa Krajowego. The financing amount increased by over PLN 5 billion.
In the SWIG80 index, Bumechu shares (+12.15%) gained the most on Friday. The reason was the decision of the Ministry of the Environment, which did not notice the reason to initiate proceedings regarding the receipt of the mining license for the Silesia mine. The Frank Bold foundation demanded this.
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